Earnings season in South Africa started on a positive note this morning, with Anglo American Platinum posting earnings 33.8 percent above expectations.
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The South African Reserve Bank hikes interest rates by 25 basis points, on the back of a worsening inflation outlook. The primary causes of a worsening inflation output were ascribed to increasing global food prices, and a weakening Rand vs major currencies. Additionally, concern was raised over the impact of… Continue reading